ARTICLES OF INCORPORATION

of the

(Name of Rural Bank)

KNOW ALL MEN BY THESE PRESENT:

That we, the undersigned, all of whom are of legal age and residents of the Philippines,
have this day voluntarily agreed to form a stock corporation under the laws of the Republic of the
Philippines.

AND WE HEREBY CERTIFY

FIRST. That the name of the Corporation shall be

SECOND. That the purposes for which said corporation is incorporated are: To
carry and engage in the business in extending rural credit to small farmers and tenants and to
deserving rural industries or enterprises; to have and exercise all authority and powers, to do and
perform all acts, and to transact all business which may legally be had or done by rural banks
organized under and in accordance with Republic Act No. 7353 (Rural Banks Act of 1992) as it
exists or may be amended and to do all other things incident thereto and necessary and proper in
connection with said purposes within such territory, as may be determined by the Monetary Board
of the Bangko Sentral ng Pilipinas.

THIRD. That the principal office of the corporation is to be located at __________

Province of ________________,Philippines.

FOURTH. That the term of existence of the corporation is fifty (50) years from and
after the date of incorporation.

FIFTH. That the names, residences and citizenship of the incorporators of said
corporation are as follows.

NAME CITIZENSHIP RESIDENCE

 SIXTH. That the number of directors of said corporation shall be________________,
and that the names, citizenship and address of the directors of the corporation who are to serve
until their successors are elected and qualified as provided by the by-laws, are as follows:

NAME CITIZENSHIP RESIDENCE

___________________ ___________________ ___________________

SEVENTH. That the authorized capital stock of the corporation is

_ Pesos (P ), Philippine Currency divided into
__________ shares of common stock with a par value of P per share and
_______________ shares of preferred stock with a par value of P_________ per share.

a. Only common stocks are entitled to voting rights.

NOTE: For preferred shares issued against equity investments by LBP, DBP, or any
other government -owned or controlled bank or financial institution pursuant to Section 8
of R.A. No. 7353 (Rural Banks Act of 1992).

b. Government preferred stocks shall be non-voting. They are preferred only as to

assets upon liquidation and entitled to dividends without preference from the date of
issuance at the rate provided under Section 8 of R.A. No. 7353, as follows:

First and second years - 4%

Third and fourth years - 6%
Fifth and sixth years - 8%
Seventh and eight years - 10%
Ninth and 15th years - 12%

Preferred shares of stock held by the Land Bank of the Philippines or any government -
owned or controlled bank or financial institution may be retired on manner provided for in Section
8 of R.A. No. 7353.

When all preferred of stock of the bank have been sold to private shareholders, the
Article of Incorporation of the bank shall be amended to reflect the conversion of the preferred
shares into common shares of stock.

No retirement or purchase by the bank of its share subscribed by private shareholders

shall be made unless an equal amount of preferred shares is retired or purchased so long as the
government holds preferred shares in the bank.

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 The amount of any cash dividend payable to any holder of stocks may be applied to the
payment of the stockholder’s unpaid subscriptions to the bank’s capital stock.

In the event of liquidation, dissolution, receivership, bankruptcy, or winding up of the

affairs of the bank, voluntary or involuntary, the assets of the bank remaining aft er payments have
been made to creditors shall be distributed in the following order: First recipient shall be the
holders of government preferred stocks to the full par value of the government preferred shares,
or ratably insofar as the assets of the bank will permit; then, the holders of the common stocks to
the full par value of the common shares, or ratably insofar as the assets of the bank will permit;
and, thereafter, any sums remaining shall be distributed equally to the holders of preferred and
common stocks alike.

The above rights, preferences and restrictions shall be printed on the back of the stock
certificate to be issued by the bank.

EIGHT. That at least twenty-five percent (25%) of the authorized capital stock above
stated has been subscribed as follows:

No. of Common
Name of Subscribers Nationality Shares Subscribed Amount

Total

NINTH. That the above -named subscribers have paid at least twenty-five percent (25%)
of the total subscription as follows.

NAME AMOUNT SUBSCRIBED TOTAL PAID-I N

P P

TOTAL P P

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 TENTH. That has been elected by the subscribers as
Treasurer of the Corporation to act as such until his/her successor is duly elected and qualified in
accordance with the by-laws and that as such Treasurer, he/she has been authorized to receive
for and in the name and for the benefit of the corporation, all subscriptions paid by the
subscribers.

ELEVENTH. That no transfer of stock or interest which will reduce the ownership of
Filipino citizens to less than the required percentage of the capital stock as provided by existing
laws shall be allowed or permitted to be recorded in the proper books of the corporation and this
restriction shall be indicated in all the stock certificates issued by the corporation.

IN WITNESS WHEREOF, we have hereunto signed this Articles of Incorporation, this

______day of ___________, 2001, in the Municipality of , Province of __________
Philippines.

_____________________________ _____________________________

_____________________________ _____________________________

_____________________________ _____________________________

_______________________________

SIGNED IN THE PRESENCE OF:

__________________________ _____________________________

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 ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)

Province of ) S.S.
Municipality of )

Before me, the undersigned, a Notary Public in and for the Municipality of ,
Province of ______________, personally appeared:

Res. Date Issued and

Name Citizenship Cert. Place of Issue

known to be the same persons who executed the foregoing instrument consisting of _____ pages
including the page on which their acknowledgment is written, and acknowledged to me that the
same is their own free and voluntarily act and deed.

IN TESTIMONY WHEREOF, I have hereunto set hand and affixed my official seal this
_____ day of at , Philippines.

Notary Public

Until:______________________
PTR:______________________
TIN: ______________________

Doc. No._______,
Page No.______ ,
Book No._______,
Series of_______.